Burglar Alarm System Market, Growth Segmentation, COVID – 19 Outbreak, Business Trends, Research Report, Global Segments by Forecast 2027
Market Scenario:
The
global Burglar
Alarm System Market is predicted to touch USD 4.9 billion at a 5.8% CAGR
between 2018- 2023 forecast period,
as per the recent Market Research Future (MRFR) analysis. Burglar alarms,
simply put, are devices that have been specially designed for enforcing and
safeguarding the security.
of
industrial properties and homes. This can help in detecting unwanted
intrusion/trespassing of personnel & prevent theft. Alarm sensor,
remote terminal unit, and central monitoring receiver are its different types
of system and hardware. Owing to its alluring features and plentiful benefits,
burglar alarms have wide applications in residential and small & medium
enterprises. Various factors are propelling the global burglar alarm market
growth. According to the latest MRFR report, such factors include the growing
popularity of smart homes, increasing use of smart devices and smartphones, and
policy discounts to install security alarms. Additional factors adding market
growth include rising security concerns and increasing disposable income.
On the contrary, high installation & implementation cost, false alarms
and the impact of the current COVID-19 pandemic may limit the global burglar
alarm market growth over the forecast period.
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Eminent players profiled in the global burglar alarm
market report include Johnson Controls (U.S.), Aeon Systems Inc. (U.S.),
Siemens AG (Germany), Securitas AB (Sweden), Napco Security Technologies
(U.S.), Banham Group (U.K.), Assa Abloy Group (Sweden), Inovonics Wireless Corporation
(U.S.), RISCO Group (U.K.), Interlogix (U.S.), Hangzhou Hikvision Digital
Technology Co., Ltd. (China), Honeywell International Inc. (U.S.), and ADT LLC
dba ADT Security Services (U.S.), among others. Industry players have
incorporated strategies such as new product launches, joint ventures and
collaborations, extensive R&D, and others.
Segmentation:
The MRFR burglar alarm project report provides an
inclusive segmental analysis of the global burglar alarm market based on end
user and system & amp; hardware.
By system and hardware, the global burglar alarm
system market is segmented into alarm sensor, remote terminal unit, and central
monitoring receiver. The alarm sensor segment is again segmented into
door/window sensors and motion detector sensors. This segment will lead the market
over the forecast period for the wide use of burglar alarms in commercial,
military, industrial, and residential complexes. It is likely to develop at a
6.8% CAGR.
By end user, the global burglar system market is
segmented into residential and small & medium enterprises. Of these,
the residential segment will dominate the market over the forecast period for the
increasing security concerns following the rise in crime rates.
Regional
Analysis:
Based
on the region, the global burglar alarm market report covers the growth
opportunities and recent trends across North America, Europe, the Asia Pacific
(APAC), & the Rest of the World (RoW).
Of
these, North America will lead the market over the forecast period. Surging
need in industrial and residential buildings, technological advances, strict
government policies, focus on critical infrastructure protection, and the use
of high-security technology to protect valuable data is adding to the global
burglar alarm system market growth in the region.
The
global burglar alarm market in the APAC region is predicted to grow at a fast
pace over the forecast period. Increasing use in infrastructural projects
coupled with the urgency of economies like China & India to establish
themselves on the global platform via building smart cities & being an immensely
safe place for tourism is adding to the global burglar alarm market growth in
the region. It is predicted to grow at a 7.8% CAGR.
The
global burglar alarm market in Europe is anticipated to have healthy growth
during the forecast period, and the market in the MEA is predicted to have
sound growth over the forecast period.
Industry
News
The global Burglar Alarm Project Report Trends has been affected due to the
lockdown across the regions. This pandemic situation has hampered the Burglar Alarm Project Report Growth as well as its
productivity, supply chain, and others. Moreover, the global market has lost
its investors due to the increasing loss for the products, supply,
transportation, workforce, and others. However, in the meantime, the key market
players have implied various strategic techniques to boost global market
growth. Thus, to meet the global market demands, the global market increased
its speed in producing more valuable products for its intended customers.
Recently, the global market has stabilized its position in the global market
and is expected to register a higher Burglar Alarm Project Report
Size for the forecast period.
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Full Report Details @ https://www.marketresearchfuture.com/reports/burglar-alarm-market-6364
Table of Contents:
1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
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